Hunt Club may look close on a map but it's in a distinctively separate, inferior sub-market to fountain parc.

There are three distinct types of knowledge you needThe strategies - you don't need to know them all, You only need to  know one, enough to do a dealHow to evaluate a deal. - Many never get to this point. 

But let us know whether this person lived in the house or if it was an investment Michaela  ,, just fyi  CA  NV OR make no distinction on a loan on a 1 to 4 unit  if its for investment purposes to a corp or individual etc. in those states any loan made on that asset class requires a license.. 

Also very important distinction between the 2 will likely be how much downpayment you are wanting to use. 

@Patrick Hall@Linda Weygant@Yonah WeissThe distinction is between (a) Individual Retirement Arrangements - IRAs and (b) Qualified Plans (e.g., 401k, profit-sharing). 

I have a couple other reading lists that pair well with real estate investing and running a real estate business (two distinct disciplines!). 

Do they make a distinction between the fixtures and features of the property itself, and any tools/equipment/materials you have at the property?

For federal income tax reporting this means the SMLLC is dissolved and there's no distinction between the SMLLC's assets/income and the owner's assets/income.The tax treatment of you holding the property directly vs through a SMLLC taxed as a disregarded entity will be 100% the same. 

I've got the feeling that that there is a distinction between hard money lenders and private money lenders.    

It has some distinct positives, and some major negatives.